Alberta Investment Management Corporation ("AIMCo"), on behalf of Her Majesty the Queen in Right of the Province of Alberta, is pleased to announce today that it, together with the Virginia Retirement System ("Virginia") has successfully recovered USD 204.4 million on behalf of investors in the now-defunct broker-dealer MF Global.

crossMarket is the new online network for Across users in which customers, language service providers, and translators can find each other easily. Across Systems GmbH thus enables its users to present themselves in a professional environment and find new customers or translation providers with Across expertise. 

The Co-operative Bank has beaten off stiff competition to win two top new prizes in customer service at the CCA Excellence Awards 2015, taking home both, ‘Large Centre of the Year’ and ‘Overall Centre of the Year’.

The two awards were part of four new categories introduced by the professional body for contact centres in the UK, CCA Global, to improve customer service standards across the world.

Adactus Connect and One Vision were joint recipients of the ‘Small Centre of the Year’ award, and ‘Medium Centre of the Year’ went to Capita and BBC Audience Services. 

Profile Software, an international financial solutions provider, is participating in the 3rd Annual Retail Banking Forum taking place at the Renaissance Wien Hotel, Vienna, Austria (09:00-18:40) on the 26-27 November 2015. The company’s team will engage with the professional delegates in an interactive presentation about the company’s client-centric solutions for the banking industry.

Trayport, a leading provider of energy trading solutions to traders, inter-dealer brokers and exchanges worldwide, today announced that Power Solutions Enerji Ticaret ve Danışmanlık Anonim Şirketi have chosen Trayport’s GlobalVision Broker Trading SystemSM (BTS) for trading in the Turkish power market.

LCR aims to ensure that a bank maintains an adequate level of unencumbered, high-quality liquid assets that can be converted into cash to meet its liquidity needs for a 30 calendar day time horizon under a significantly severe liquidity stress scenario. Fintellix LCR covers all three aspects related to LCR, HQLA, Cash Inflows and Cash outflows, with an exhaustive coverage of banking products and securities with respect to LCR requirements. 

The Basel Committee on Banking Supervision (BCBS) is constantly working on ushering in a regulatory framework that enables a stable and stress-free financial system. Central Banks worldwide have adopted these guidelines, with region specific discretions and timelines for implementation. 

Fintellix enables banks to become RBS-compliant in the shortest possible timeframe with pre-built components for data extraction and storage powered by a versatile platform with a host of in-built data management, transformation, visualization and collaboration features. Fintellix provides the RBS submission team in the bank with complete control at a data-point level, while simplifying management of the submission cycle by supporting team-level administration and collaboration between stakeholders.

Fintellix Asset Quality Manager is an integrated yet modular solution to measure, monitor and manage Asset quality of various portfolios. Besides eliminating the regulatory burden through Asset Classification, Asset Quality Tracking, EWS and NPA modules; it also enables risk-sensitive, proactive decision making through advanced analytical MIS and stress testing.

Post the Financial Crisis, most financial institutions have been struggling to cope with mercurial changes in regulations. With unsurmountable demands of regulators, auditors and examiners, resource constraints have increased and the primary business focus, i.e. lending, has taken a back seat. Many Community Banks and Credit Unions have been forced to change their business strategy or move out of business due to lack of innovative decision-making capabilities.